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U.S. president-elect Donald Trump speaks during a news conference at Mar-a-Lago, in Palm Beach, Fla., on Dec. 16, 2024.Evan Vucci/The Associated Press
U.S. president-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing sources familiar with the matter.
The move will allow Trump to build a new tariff program by using the International Economic Emergency Powers Act, which authorizes a president to manage imports during a national emergency, the report said.
“Nothing is off the table,” a source familiar with the matter told CNN, acknowledging that a discussion had taken place over declaring a national emergency.
The Trump transition team did not immediately respond to a Reuters request for comment.
Trump, a…
